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Huge Health Care Fraud Allegations

The recent 60 Minutes piece on Health Management Associates has the company scrambling to explain itself.

Shares of Health Management Associates (NYSE:HMA), one of the larger for-profit hospital operators in the country, dropped Monday after a controversial segment aired on 60 Minutes last night. The company issued a statement ahead of the episode and is currently facing investigation over the questionable practices highlighted during the show. In the following video, Brenton Flynn details the allegations and notes that the company has not admitted any wrongdoing, attributing these claims to disgruntled employees.